Murrey Math Lines: EUR/USD, GBP/JPY
|EURUSD, "Euro vs US Dollar"
The EUR/USD pair is testing the daily Super Trend and the 7/8 level again. If the price rebounds from these levels, it may resume moving downwards. The closest target is at the 6/8 level. After breaking it, the market may continue falling.
At the H1 chart, the pair rebounded from the 2/8 level, which means that it may resume falling. To confirm this scenario, the market has to fix below Super Trends. The closest target is at the 0/8 level.
GBPJPY "Great Britain Pound vs Japanese Yen"
After all, the GBP/JPY pair failed to fix below the 2/8 level, which means that it may start a short-term growth. If later the price rebounds from the 3/8 level again, the market will resume moving downwards to reach the 0/8 one.
At the H1 chart, the pair is moving in the middle. If the price fixes above the 4/8 level, it may continue the ascending correction and test the 7/8 level. After reaching this level, the market may resume moving downwards.
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